IMMO REMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
IMMO REMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,381
2024 · €170,568-€164,186
Equity
€1.5m
2024 · €1.5m+€1,224
Cash
€19,226
2024 · €12,851+€6,375
Balance sheet total
€5.6m
2024 · €5.8m-€196,694
Largest movements
Assets
- Tangible fixed assets -€604,209
down €604,209 (-12.9%), from €4.7m to €4.1m
of which Land and buildings: -€577,017
- Financial fixed assets +€435,183
new in 2025: €435,183
Equity and liabilities
- Debts after one year -€98,982
down €98,982 (-4.5%), from €2.2m to €2.1m
of which Financial debts: -€99,221
- Tax, wage and social debts -€62,998
down €62,998 (-79.6%), from €79,144 to €16,146
of which Taxes: -€56,578
Income statement
- Gross operating margin -€214,448
down €214,448 (-39.0%), from €549,324 to €334,876
- Taxes -€58,338
down €58,338 (-96.5%), from €60,439 to €2,101
- Depreciation -€13,008
down €13,008 (-8.2%), from €158,631 to €145,623
- Other operating charges +€11,933
up €11,933 (+24.6%), from €48,514 to €60,447
- Financial charges +€6,516
up €6,516 (+5.2%), from €126,309 to €132,825
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€170,568
Gross operating margin
-€214,448
Depreciation
+€13,008
Other operating charges
-€11,933
Financial income
-€2,635
Financial charges
-€6,516
Taxes
+€58,338
Result 2025
€6,381
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€117,411
Investment
+€23,404
Financing
-€134,439
Cash 2024
€12,851
From operations (derived)
+€117,411
Net result for the year
+€6,381
Depreciation
+€145,623
Receivables within one year
+€30,916
Deferred charges and accrued income
+€3,126
Provisions
-€5,126
Trade debts
+€7,415
Tax, wage and social debts
-€62,998
Other debts
+€1,154
Accrued charges and deferred income
-€9,081
Investment (derived)
+€23,404
Investment in fixed assets (net)
+€23,404
Financing
-€134,439
Debts after one year
-€98,982
Current portion of long-term debt
-€30,299
Contributions, distributions and other
-€5,158
Cash 2025
€19,226
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,789,880 | €5,593,186 | -€196,694 | -3.4% |
| Fixed assets | 21/28 | €4,672,833 | €4,503,807 | -€169,026 | -3.6% |
| Tangible fixed assets | 22/27 | €4,672,833 | €4,068,624 | -€604,209 | -12.9% |
| Land and buildings | 22 | €4,458,908 | €3,881,891 | -€577,017 | -12.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €8,779 | €5,774 | -€3,005 | -34.2% |
| Other tangible fixed assets | 26 | €205,147 | €180,959 | -€24,188 | -11.8% |
| Financial fixed assets | 28 | - | €435,183 | +€435,183 | |
| Current assets | 29/58 | €1,117,047 | €1,089,380 | -€27,667 | -2.5% |
| Stocks and contracts in progress | 3 | €16 | €16 | = | 0.0% |
| Stocks | 30/36 | €16 | €16 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,095,393 | €1,064,477 | -€30,916 | -2.8% |
| Trade receivables | 40 | €9,984 | €7,453 | -€2,531 | -25.3% |
| Other amounts receivable | 41 | €1,085,410 | €1,057,024 | -€28,386 | -2.6% |
| Cash at bank and in hand | 54/58 | €12,851 | €19,226 | +€6,375 | +49.6% |
| Deferred charges and accrued income | 490/1 | €8,787 | €5,660 | -€3,126 | -35.6% |
| Total equity and liabilities | 10/49 | €5,789,880 | €5,593,186 | -€196,694 | -3.4% |
| Equity | 10/15 | €1,539,882 | €1,541,105 | +€1,224 | +0.1% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Capital | 10 | €68,200 | €68,200 | = | 0.0% |
| Issued capital | 100 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €385,894 | €390,517 | +€4,623 | +1.2% |
| Non-distributable reserves | 130/1 | €6,820 | €6,820 | = | 0.0% |
| Legal reserve | 130 | €6,820 | €6,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €329,074 | €313,697 | -€15,377 | -4.7% |
| Distributable reserves | 133 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Profit (loss) carried forward | 14 | €1,085,787 | €1,082,388 | -€3,400 | -0.3% |
| Provisions and deferred taxes | 16 | €109,691 | €104,566 | -€5,126 | -4.7% |
| Deferred taxes | 168 | €109,691 | €104,566 | -€5,126 | -4.7% |
| Amounts payable | 17/49 | €4,140,307 | €3,947,515 | -€192,792 | -4.7% |
| Amounts payable after more than one year | 17 | €2,181,242 | €2,082,260 | -€98,982 | -4.5% |
| Financial debts | 170/4 | €2,158,358 | €2,059,137 | -€99,221 | -4.6% |
| Other amounts payable | 178/9 | €22,883 | €23,123 | +€239 | +1.0% |
| Amounts payable within one year | 42/48 | €1,938,475 | €1,853,746 | -€84,729 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €222,439 | €192,140 | -€30,299 | -13.6% |
| Trade debts | 44 | €40,372 | €47,786 | +€7,415 | +18.4% |
| Suppliers | 440/4 | €40,372 | €47,786 | +€7,415 | +18.4% |
| Taxes, remuneration and social security | 45 | €79,144 | €16,146 | -€62,998 | -79.6% |
| Taxes | 450/3 | €72,724 | €16,146 | -€56,578 | -77.8% |
| Remuneration and social security | 454/9 | €6,420 | - | -€6,420 | |
| Other amounts payable | 47/48 | €1,596,521 | €1,597,674 | +€1,154 | +0.1% |
| Accrued charges and deferred income | 492/3 | €20,590 | €11,509 | -€9,081 | -44.1% |
| Non-recurring operating income | 76A | €186,745 | - | -€186,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,631 | €145,623 | -€13,008 | -8.2% |
| Other operating charges | 640/8 | €48,514 | €60,447 | +€11,933 | +24.6% |
| Gross operating margin | 9900 | €549,324 | €334,876 | -€214,448 | -39.0% |
| Operating profit (loss) | 9901 | €342,179 | €128,806 | -€213,373 | -62.4% |
| Financial income | 75/76B | €10,011 | €7,376 | -€2,635 | -26.3% |
| Recurring financial income | 75 | €10,011 | €7,376 | -€2,635 | -26.3% |
| Financial charges | 65/66B | €126,309 | €132,825 | +€6,516 | +5.2% |
| Recurring financial charges | 65 | €126,309 | €132,825 | +€6,516 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €225,881 | €3,357 | -€222,524 | -98.5% |
| Transfer from deferred taxes | 780 | €5,126 | €5,126 | = | 0.0% |
| Income taxes | 67/77 | €60,439 | €2,101 | -€58,338 | -96.5% |
| Profit (loss) for the period | 9904 | €170,568 | €6,381 | -€164,186 | -96.3% |
| Transfer from tax-exempt reserves | 789 | €15,377 | €15,377 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €185,944 | €21,758 | -€164,186 | -88.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.